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Obasanjo: Borrowing For Recurrent Expenditure Is Foolish - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Obasanjo: Borrowing For Recurrent Expenditure Is Foolish (16496 Views)

Kenneth Okonkwo Is Foolish / Ndume Threatens To Relocate Abroad Over FG’s Rising Recurrent Expenditure / Reps Approve More Borrowing For Presidency (2) (3) (4)

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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:49am On Sep 20, 2021
grin grin grin grin


The difference is clear...


God Bless PMB


God Bless our well-utilized loans..


God Bless me and my country, Nigeria..



grin grin

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by chukel(m): 5:55am On Sep 20, 2021
Obasanjo is mischievous and foolish at the same time to say this government is borrowing for recurrent expenditure. Every money borrowed by buhari administration has been attached to capital projects. That's not recurrent expenditure. It was even okonjo iweala under jonathan who borrowed to pay salaries which is a recurrent expenditure.

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by ArcFresky(m): 5:55am On Sep 20, 2021
AGNESikpuNNU:
Financial/Economic Terrorism!
The skinny Mahdi knows what he is doing. With all this needless delibrate humongous debts, the next govt will never be able to roll back the terroristic jihadi gains he has already made by emboldening bandits, killer herders, Bharam, muuRIC etc

All this your nonsense ethnical bias based rethoric is only adding to the problem.

You are also part of the problem, if all you are going to do is point fingers.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:55am On Sep 20, 2021
grin grin grin

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by faridasr: 5:55am On Sep 20, 2021
I don’t waste my time responding to a biased toilet paper like punch. What does Obasanjo have to show for his borrowings, at least under Buhari we can see infrastructural transformation. If you’re unhappy about your dilecto and suplim lida you can respond

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by ArcFresky(m): 5:57am On Sep 20, 2021
chukel:
Obasanjo is michievious and foolish at the same time to say this government is borrowing for recurrent expenditure. Every money borrowed by buhari adminstrsstion has been attached to capital projects. That's notg recurrent expenditure. It was even okonjo iweala under jonathan who borrowed to pay salaries which is a recurrent expenditure,

You are not in govt, u have never been in govt, so am 100% sure you Obj is more knowledgeable than you.

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:59am On Sep 20, 2021
chukel:
Obasanjo is michievious and foolish at the same time to say this government is borrowing for recurrent expenditure. Every money borrowed by buhari adminstrsstion has been attached to capital projects. That's notg recurrent expenditure. It was even okonjo iweala under jonathan who borrowed to pay salaries which is a recurrent expenditure,


God Bless you, they think we aere fools, we see all oer the place what they are doing with our loans, it's highlighted in black and white.


When fools like OBJ and his looting and stealing party can not show us their achievements after 16 years in office, they try to distract and blame others to save face.

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:02am On Sep 20, 2021
ArcFresky:


You are not in govt, u have never been in govt, so am 100% sure you Obj is more knowledgeable than you.



The pesin wey abandon projects on the drawing board is knowledgeable, but the pesin wey hustle to build am and put it to use for Nigerians to benefit from is not knowledgible?


Talk about a brain with permanent reverse function..


grin grin

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by chukel(m): 6:03am On Sep 20, 2021
ArcFresky:


You are not in govt, u have never been in govt, so am 100% sure you Obj is more knowledgeable than you.

he is more knowledgeable does not rule out the fact that he is mischievous and can be very silly and petty. He just lied about borrowing for recurrent expenditure. If you will be truthful to yourself, dig up all the loans from this adminstration on social media and see projects attached to all. Even the current loan he is trying to get, ipob was complaining south east was marginalised in the projects attached to the loan. Let us always stand for the truth.

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:05am On Sep 20, 2021
Warri Itakpe nko?


Abandoned for 30 years including under OBJ, Yaradua and GEJ, they did not even touch it, but PMB completed it in less than 3 years.


OBJ and his looting and stealing gang set us back for decades...

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by watchindelta(m): 6:05am On Sep 20, 2021
Oh oh my rejected Country spend 21tr for a train that move only 2 times a week. Nothing is working in that country. Hell is hot and dark (Nigeria)

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:09am On Sep 20, 2021
ZIK mausoleum was abandoned for 26 years including under OBJ, Yaradua and GEJ, but PMB completed it in less than 2 years/..


Where there's life and competence, there is hope.

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Luckydubby7(m): 6:09am On Sep 20, 2021
ednut1:
Buhari has no choice than to borrow. If obj or gej was president it would be same. So baba gtfoh
But there were once in power and it weren't the same.
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Nobody: 6:14am On Sep 20, 2021
NGpatriot:
grin grin grin grin


The difference is clear...


God Bless PMB


God Bless our well-utilized loans..

grin


God Bless me and my country, Nigeria..

The difference is clear negatively of course.

grin grin

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by MrBONE2(m): 6:16am On Sep 20, 2021
NGpatriot:
Ode agbaya, the projects the money are financing are some of the ones you useless man refused to touch even though you had the money and decided to do the typical PDP looting and sharing.

grin

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:16am On Sep 20, 2021
The 127.6 kilometres road, arguably the busiest in Nigeria and Africa is undergoing reconstruction 48 years after it was inaugurated by the then Gen. Olusegun Obasanjo on Aug.18, 1978.


Lagos-Ibadan Expressway: Tale of nightmares for motorists, communities



https://www.vanguardngr.com/2019/04/a-diary-of-lagos-ibadan-expressway-tale-of-nightmares-for-motorists-and-communities/

OBJ failed to complete a 127 km road before and after 8 years in office, including under Yradua and GEJ, they all failed even after awarding and rewarding tons of contracts for the same road, they still left it rotten and abandoned, but to God be the glory, it's almost ready under PMB and some oof the new loan is going toward this project.


.

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:18am On Sep 20, 2021
MrBONE2:
grin



With GEJ/DASUKI ATM looted funds, We fit buy 24 Tucano and build another Lagos Ibadan railway and still have change left without borowing 1 kobo.


grin grin

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:24am On Sep 20, 2021
FG introduces austerity measures

November 17, 2014



By Emma Ujah, Abuja Bureau Chief

ABUJA—The Federal Government, yesterday, introduced some austerity measures and scaled down the crude oil bench mark for the 2015 budget.

In a bid to insulate the economy from falling crude oil prices the federal government announced far-reaching policy measures to deal with the crashing crude oil prices, cutting 2015 oil benchmark from $78 to $73 per barrel. Crude oil prices dropped to [b]$77.76 [/b]per barrel, some cents below the $78 earlier proposed to the National Assembly as bench mark for the 2015 budget.


https://www.vanguardngr.com/2014/11/fg-introduces-austerity-measures/



They crippled the economy and eventually declared austerity measures 6 months before PMB,.

Imagine the fools declared austerity when oil was selling for $78/barrel.


..but it was almost less than $20 when PMB came in and Nigeria did not die.

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by yemex04(m): 6:27am On Sep 20, 2021
But Buhari has not borrowed to pay salary now.. Obj himself said it is fine if we borrowed for developmental projects, and seriously we have to borrow to address our infrastrural deficit..it is just so huge. There are no two ways to it, we must borrow and Fashola & Amechi are doing well by using the funds for capital projects.. Like loan from China is not even in cash but in investing in hearmarked capital projects which is fine

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:29am On Sep 20, 2021
yemex04:
But Buhari has not borrowed to pay salary now.. Obj himself said it is fine if we borrowed for developmental projects, and seriously we have to borrow to address our infrastrural deficit..it is just so huge. There are no two ways to it, we must borrow and Fashola & Amechi are doing well by using the funds for capital projects.. Like loan from China is not even in cash but in investing in hearmarked capital projects which is fine



OBJ is senile and being disingenuous..

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:31am On Sep 20, 2021
FG borrows N473bn to pay salaries - Okonjo-Iweala


The federal government has borrowed 473 billion naira to meet up with recurrent expenditure including paying of salaries while it is yet to release funds for capital projects.


https://pmnewsnigeria.com/2015/05/06/fg-borrows-n473bn-to-pay-salaries-okonjo-iweala/


After record oil sales and the largest oil earnings in the history of Nigeria, the looting and stealing clowns still borrowed N473b to pay salaries.

GEJ borrowed N473 billion in May 2015 to pay workers salaries, just a few weeks before handing over to PMB, but they want to lie and convince Nigerians that they left a great economy.

Bunch of crooks, liars and looters..

2 Likes

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by galaxylauncher: 6:34am On Sep 20, 2021
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Taiwojon(m): 6:35am On Sep 20, 2021
Help us tell bubu ooo

Anyway
Jesus is the answer to all problem!


Jesus saves
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by damiloladuke: 6:36am On Sep 20, 2021
True
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Nobody: 6:37am On Sep 20, 2021
NGpatriot:



After record oil sales and the largest oil earnings in the history of Nigeria, the looting and stealing clowns still borrowed N473b to pay salaries.

GEJ borrowed N473 billion in May 2015 to pay workers salaries, just a few weeks before handing over to PMB, but they want to lie and convince Nigerians that they left a great economy.

Bunch of crooks, liars and looters..





Poverty of the mind- Parochial mentality, moreover the Fulani s have never given Nigerians any elected college graduate.Obj paid off all our foreign debts.

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Kay25(m): 6:45am On Sep 20, 2021
NGpatriot:
Ode agbaya, the projects the money are financing are some of the ones you useless man refused to touch even though you had the money and decided to do the typical PDP looting and sharing.

tell me one of those projects

1 Like

Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:51am On Sep 20, 2021
Kay25:

tell me one of those projects



Google, read the news and keep up with current affairs..
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by rontolo(m): 7:00am On Sep 20, 2021
NGpatriot:
Ode agbaya, the projects the money are financing are some of the ones you useless man refused to touch even though you had the money and decided to do the typical PDP looting and sharing.


You are senseless. Almost all the funds needed for 2022 budget is borrowed. What percentage of our budget goes to recurrent expenditure? Obj is spot on. Buhari is borrowing to fund salaries, buy food in presidential villa and other wasteful ventures.

Nigeria in deep sh1t
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 7:01am On Sep 20, 2021
Obasanjo Flags Off N58.6bn Second Niger Bridge


THE construction of the much-awaited second River Niger bridge was yesterday flagged off by President Olusegun Obasanjo.

The N58.6 billion bridge which is expected to be completed between three and half years is to be built under public-private partnership with the Gitto Group providing 60 per cent of the fund, Federal Government 20 per cent while the Anambra and Delta State Governments would contribute 10 per cent each towards the project

https://allafrica.com/stories/200705250387.html



OBJ flagged off the same project that GEJ flagged off and left for dead on the drawing board..


God Bless PMB..


grin grin

3 Likes

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